This paper developed integrated production–inventory-marketing models for a two-stage supply chain consisting of one vendor and one buyer. The aim of the paper was to decrease the inconsistency between theory and practice of inventory management by relaxing some unrealistic assumptions such as constant demand and fully perfect items that make the models practically impossible for real-life prob...

The objective of this work is to study optimal Vendor-Managed Inventory policies in distributions systems in which demand and delivery processes are characterized by a discreteevent dynamics. In Vendor-Managed Inventory policies, the supplier organizes the deliveries to the customer in order to satisfy its demand by minimizing transportation costs and holding costs of the customer. In the consi...

Under the assumption that the replenishment lead time is dependent on both lot size of the buyer and production rate of the vendor, an integrated production inventory model is presented in this paper. The decision-making interaction of lead time between a buyer and a vendor in the integrated inventory model is analyzed. In terms of the model, a solution procedure has been developed to obtain th...

A newsboy model in which a vendor has a limited budget to procure the required items is developed. It is assumed that the manufacturer will either sell the items to the vendor outright or offer the items to the vendor with return policy. In the latter case, the manufacturer buys back from the vendor the unsold items at the end of the selling season. This study considers one item with budget con...